NOT LISTED FOR SALE

551 Fairview Dr Gilroy, CA 95020

5 Beds
2 Baths
1,828 Sq Ft
6,970 Sq Ft Lot

Last Sold May 13, 2016

Last sale price $594,500 $325 Per Sq Ft

351 Days on Market

Highlights

  • 4 Car Detached Garage
  • Carpet
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of May 2016

This home is located at 551 Fairview Dr, Gilroy, CA 95020 since 04 March 2015. This property was built in 1959. 551 Fairview Dr is a home located in Santa Clara County with nearby schools including Glen View Elementary School, Solorsano Middle School, and Gilroy High School.

Last Agent to Sell the Property

Everardo Quintero

Casa Blanca Realty License #00478150 Listed on: 03/04/2015

Casa Blanca Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 6,970

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $33,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $895
  • Maintenance Expense $550
  • Operating Expense $8,078
  • Gross Income $32,670

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1828
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1828
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7107.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7107.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.24
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 895
  • Expense Maintenance: 550
  • Expenses Total: 8078
  • Income Annual Gross: 32670.00
  • Income Annual Rental: 33000
  • Income Gross Scheduled: 33000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Repair
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2016 05/13/16 Sold $594,500 -6.4% $325 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
03/04/2015 03/04/15 For Sale $635,000 -- $347 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81453397

MLSListings

APN: 799-13-023